JMP Securities Boosts Oracle (NYSE:ORCL) Price Target to $205.00

Oracle (NYSE:ORCL) had its target price increased by investment analysts at JMP Securities from $175.00 to $205.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the enterprise software provider’s stock. JMP Securities’ target price indicates a potential upside of 15.92% from the stock’s current price.

A number of other brokerages also recently issued reports on ORCL. TD Cowen lifted their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Stifel Nicolaus increased their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday, September 10th. Sanford C. Bernstein boosted their price objective on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.67.

Oracle Stock Up 0.7 %

ORCL traded up $1.16 during trading hours on Friday, hitting $176.84. 1,664,450 shares of the company’s stock were exchanged, compared to its average volume of 8,443,326. The firm has a market cap of $487.35 billion, a P/E ratio of 47.55, a price-to-earnings-growth ratio of 3.29 and a beta of 1.01. Oracle has a 12-month low of $99.26 and a 12-month high of $178.61. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50 day moving average of $155.43 and a 200 day moving average of $138.15.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter last year, the company earned $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts predict that Oracle will post 5 EPS for the current fiscal year.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oracle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eagle Rock Investment Company LLC increased its stake in shares of Oracle by 0.4% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after purchasing an additional 64 shares in the last quarter. Versant Capital Management Inc grew its holdings in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after buying an additional 65 shares during the last quarter. Trust Point Inc. increased its position in Oracle by 0.5% during the third quarter. Trust Point Inc. now owns 13,606 shares of the enterprise software provider’s stock worth $2,318,000 after buying an additional 66 shares in the last quarter. First International Bank & Trust raised its holdings in shares of Oracle by 1.8% in the third quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock worth $636,000 after acquiring an additional 67 shares during the last quarter. Finally, Adirondack Trust Co. lifted its position in shares of Oracle by 0.8% in the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock valued at $1,472,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.